OPEN-SOURCE SCRIPT
Cập nhật ACTS Point & Figure
Point & Figure strips time out of the chart.
What's left is structure - where price actually fought, and where it broke. This draws that structure as an overlay on your ordinary candlestick chart, so you see the P&F reading and the candles together.
And the source is open. You don't have to take my word for any of it: read the code, check that it does what this description says, change it if you disagree. That is the point of publishing it this way.
Most free P&F tools stop at double tops. This one carries the full classical vocabulary - triples, catapults, traps, poles, 45-degree trend lines and structural stops - built the way the literature specifies.
It draws levels and structure. It does not issue buy or sell signals, and it makes no claim about what any level will do next. The interpretation is yours.
HOW THE GRID IS BUILT
Price moves one box, you add a box. It reverses by three boxes, a new column starts. The grid is computed internally from the ordinary OHLC history of the chart you're on - not from TradingView's Point & Figure chart type - so every level maps to a real price on a real bar with a real timestamp. Columns are built from closing prices, and the three-box reversal is fixed, the classical construction.
WHAT IT SHOWS YOU
Columns - the trend in its rawest form. A column of X's is buyers in control, O's sellers, and a new column means the move reversed by enough to matter. No wicks, no noise from time passing. Columns are numbered; the X/O characters and the column lines toggle independently.
Classic patterns and their breakout levels. Double and triple tops and bottoms, detected on the grid, each with its breakout level drawn and labelled. A breakout only counts if the column also clears every same-direction column behind it in the look-back window - so a "break" straight into overhead structure isn't one. A separate Pot BO line projects forward from the live column: the level the current column would have to reach for a breakout to register. It updates as the column builds.
45-degree trend lines. Bullish support and bearish resistance drawn at a fixed 45 degrees off the grid, plus internal lines, projecting a configurable distance to the right. On a P&F grid a 45-degree line has objective meaning, because the grid has a fixed geometry; on a time chart it does not. A line renders dotted while it is provisional and turns solid once a breakout confirms it, so you can see which lines have earned their keep.
The special formations. High and low poles, bull and bear catapults, bull and bear traps. A trap is a breakout that fails and pulls price back through its own level. A pole marks an unusually extended one-column move. Formations that have already resolved stay on the chart by default, tagged [H] when the level was hit and [N] when the formation was negated - so you can see what the recent structure actually did, not only what is still open. Two settings hide the hit and negated ones, and an age filter clears the old ones away; switch those on and what remains is only what is still live.
Structural stop levels - three modes, all box-denominated.
- Mode 1 - nearest. The extreme of the column immediately before the breakout, plus a buffer.
- Mode 2 - pattern-wide (default). The worst opposing extreme found across the whole width of the pattern, plus the same buffer. More conservative than Mode 1 by construction.
- Mode 3 - measured. A fixed distance from the breakout level itself (default two boxes), no buffer.
The buffer and the Mode 3 distance are both expressed as a percentage of your box size, never in pips. Nothing in this path assumes a decimal count, a pip value or an asset class, so the same settings behave sensibly on a 5-decimal FX pair, an index and a crypto pair alike.
TWO SETTINGS, AND THE SCRIPT HELPS YOU WITH ONE OF THEM
Set the Grid Anchor Price to a round number at or below current price - 1.0 for EURUSD, 100.0 for USDJPY. Then set the Box Size in price terms; a 10-pip EURUSD box is 0.00100.
Box size is instrument-specific by nature. A 0.001 box that reads EURUSD beautifully is meaningless on an index trading at 18,000, and there is no universal number. You don't need to know it in advance - the script tells you. If your box size is so large that the loaded history barely spans any boxes, or so small that it can't be read, an on-chart message says which way you're wrong and suggests a value for that instrument. So: put in any reasonable guess, read the message, adjust, and repeat until it stops complaining. Then check that the structure it draws matches moves you recognise. Write the number down - you'll reuse it.
Defaults are set for EURUSD. On anything else, expect the box-size message first. That's the setup assistant doing its job, not a fault.
MAKING IT READABLE
Two minutes of chart setup is the difference between "this is broken" and "oh, I see it."
1. Dim the candles - hollow bars or a muted grey. The P&F structure should be what your eye lands on; the candles are context. This one change does most of the work.
2. Lock the price-to-bar ratio, and set it to your box size divided by three. A column is three bars wide and a 45-degree line rises one box per column, so that ratio is what makes the geometry square - 0.00100 box on EURUSD gives 0.000333. To check it: draw an ordinary trend line at 45 degrees over one the script has drawn. If they lie on top of each other you are set. If they diverge, the ratio is wrong, and everything else on the chart is being read at the wrong angle.
3. Give it history. Too short a window and there is nothing to build.
4. Start on a timeframe you already read well. The structure comes from that chart's own data, so the timeframe you pick is the timeframe you're analysing.
HONEST NOTES ON CONSTRUCTION
- Standard charts only. Deliberately not run on TradingView's P&F chart type, which produces synthetic bars - levels read off those don't correspond to prices anyone could have traded.
- Columns come from closing prices. A choice, not an oversight: closes filter intrabar noise. The cost is real - a spike that reverses before the close prints no box, and structure that depended on it won't appear.
- The most recent 160 columns are drawn. Deeper history isn't rendered. TradingView caps how much any one script may draw, and the newest structure is the structure worth keeping.
- No alerts. There are none in this script.
- Price only. No volume input and no volume interpretation.
- It won't pick your box size for you. It will tell you when yours is wrong, which is a different and more honest thing.
- The detection is geometric. It will mark structure that later fails, as every structural method does.
- No performance claims are made here, and none are implied.
Pine v6, overlay, open source. Nothing in the file requests data from another symbol or timeframe.
If you're learning Point & Figure: put this on a market you already know and watch the columns build next to the candles you recognise. That is the fastest way in.
What's left is structure - where price actually fought, and where it broke. This draws that structure as an overlay on your ordinary candlestick chart, so you see the P&F reading and the candles together.
And the source is open. You don't have to take my word for any of it: read the code, check that it does what this description says, change it if you disagree. That is the point of publishing it this way.
Most free P&F tools stop at double tops. This one carries the full classical vocabulary - triples, catapults, traps, poles, 45-degree trend lines and structural stops - built the way the literature specifies.
It draws levels and structure. It does not issue buy or sell signals, and it makes no claim about what any level will do next. The interpretation is yours.
HOW THE GRID IS BUILT
Price moves one box, you add a box. It reverses by three boxes, a new column starts. The grid is computed internally from the ordinary OHLC history of the chart you're on - not from TradingView's Point & Figure chart type - so every level maps to a real price on a real bar with a real timestamp. Columns are built from closing prices, and the three-box reversal is fixed, the classical construction.
WHAT IT SHOWS YOU
Columns - the trend in its rawest form. A column of X's is buyers in control, O's sellers, and a new column means the move reversed by enough to matter. No wicks, no noise from time passing. Columns are numbered; the X/O characters and the column lines toggle independently.
Classic patterns and their breakout levels. Double and triple tops and bottoms, detected on the grid, each with its breakout level drawn and labelled. A breakout only counts if the column also clears every same-direction column behind it in the look-back window - so a "break" straight into overhead structure isn't one. A separate Pot BO line projects forward from the live column: the level the current column would have to reach for a breakout to register. It updates as the column builds.
45-degree trend lines. Bullish support and bearish resistance drawn at a fixed 45 degrees off the grid, plus internal lines, projecting a configurable distance to the right. On a P&F grid a 45-degree line has objective meaning, because the grid has a fixed geometry; on a time chart it does not. A line renders dotted while it is provisional and turns solid once a breakout confirms it, so you can see which lines have earned their keep.
The special formations. High and low poles, bull and bear catapults, bull and bear traps. A trap is a breakout that fails and pulls price back through its own level. A pole marks an unusually extended one-column move. Formations that have already resolved stay on the chart by default, tagged [H] when the level was hit and [N] when the formation was negated - so you can see what the recent structure actually did, not only what is still open. Two settings hide the hit and negated ones, and an age filter clears the old ones away; switch those on and what remains is only what is still live.
Structural stop levels - three modes, all box-denominated.
- Mode 1 - nearest. The extreme of the column immediately before the breakout, plus a buffer.
- Mode 2 - pattern-wide (default). The worst opposing extreme found across the whole width of the pattern, plus the same buffer. More conservative than Mode 1 by construction.
- Mode 3 - measured. A fixed distance from the breakout level itself (default two boxes), no buffer.
The buffer and the Mode 3 distance are both expressed as a percentage of your box size, never in pips. Nothing in this path assumes a decimal count, a pip value or an asset class, so the same settings behave sensibly on a 5-decimal FX pair, an index and a crypto pair alike.
TWO SETTINGS, AND THE SCRIPT HELPS YOU WITH ONE OF THEM
Set the Grid Anchor Price to a round number at or below current price - 1.0 for EURUSD, 100.0 for USDJPY. Then set the Box Size in price terms; a 10-pip EURUSD box is 0.00100.
Box size is instrument-specific by nature. A 0.001 box that reads EURUSD beautifully is meaningless on an index trading at 18,000, and there is no universal number. You don't need to know it in advance - the script tells you. If your box size is so large that the loaded history barely spans any boxes, or so small that it can't be read, an on-chart message says which way you're wrong and suggests a value for that instrument. So: put in any reasonable guess, read the message, adjust, and repeat until it stops complaining. Then check that the structure it draws matches moves you recognise. Write the number down - you'll reuse it.
Defaults are set for EURUSD. On anything else, expect the box-size message first. That's the setup assistant doing its job, not a fault.
MAKING IT READABLE
Two minutes of chart setup is the difference between "this is broken" and "oh, I see it."
1. Dim the candles - hollow bars or a muted grey. The P&F structure should be what your eye lands on; the candles are context. This one change does most of the work.
2. Lock the price-to-bar ratio, and set it to your box size divided by three. A column is three bars wide and a 45-degree line rises one box per column, so that ratio is what makes the geometry square - 0.00100 box on EURUSD gives 0.000333. To check it: draw an ordinary trend line at 45 degrees over one the script has drawn. If they lie on top of each other you are set. If they diverge, the ratio is wrong, and everything else on the chart is being read at the wrong angle.
3. Give it history. Too short a window and there is nothing to build.
4. Start on a timeframe you already read well. The structure comes from that chart's own data, so the timeframe you pick is the timeframe you're analysing.
HONEST NOTES ON CONSTRUCTION
- Standard charts only. Deliberately not run on TradingView's P&F chart type, which produces synthetic bars - levels read off those don't correspond to prices anyone could have traded.
- Columns come from closing prices. A choice, not an oversight: closes filter intrabar noise. The cost is real - a spike that reverses before the close prints no box, and structure that depended on it won't appear.
- The most recent 160 columns are drawn. Deeper history isn't rendered. TradingView caps how much any one script may draw, and the newest structure is the structure worth keeping.
- No alerts. There are none in this script.
- Price only. No volume input and no volume interpretation.
- It won't pick your box size for you. It will tell you when yours is wrong, which is a different and more honest thing.
- The detection is geometric. It will mark structure that later fails, as every structural method does.
- No performance claims are made here, and none are implied.
Pine v6, overlay, open source. Nothing in the file requests data from another symbol or timeframe.
If you're learning Point & Figure: put this on a market you already know and watch the columns build next to the candles you recognise. That is the fastest way in.
Phát hành các Ghi chú
Chart snapshot refreshed. No functional changes — the script's behaviour, inputs and output are identical to v1.0.The new chart is set to the correct price-to-bar ratio (box size ÷ 3), so the 45-degree trend lines render at a true 45 degrees. For EURUSD with a 0.00100 box, that ratio is 0.000333.
Phát hành các Ghi chú
Chart snapshot replaced with a full-chart view. The previous image captured only a narrow strip of the chart. This one shows the full structure at a price-to-bar ratio of 0.000333 (box size / 3), so the 45-degree trend lines render at a true 45 degrees. No functional change to the script.Phát hành các Ghi chú
Help text tidy - clearer tooltips and comments. No behaviour change.Phát hành các Ghi chú
The box-size note no longer judges your box size. It previously declared a box "too large" or "too small" and suggested a replacement value, but that reading depends on how much history the chart has loaded, so a correct box could be flagged as wrong on a freshly opened chart. The note now simply reports what the loaded history shows and leaves the choice to you. No behaviour change.Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
ACTS Trading · actstrading.com
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
ACTS Trading · actstrading.com
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.